Back to photostream

Hole in the wall - 290/365

I love the pavements in town after a shower, the reflections make possible an interesting photo where previously there wasn't one. This is the Alliance & Leicester at the top of Northumberland Street in Newcastle, which actually cycles through a range of colours to attract attention. The orange is best, it goes without saying ;-)

 

An automatic teller machine (ATM) or "cash point/hole-in-the-wall" in common parlance, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public space without the need for a cashier, human clerk or bank teller. The first mechanical cash dispenser was developed and built by Luther George Simjian and installed in 1939 in New York City by the City Bank of New York, but removed after 6 months due to the lack of customer acceptance.

 

Thereafter, the history of ATMs paused for over 25 years, until De La Rue developed the first electronic ATM, which was installed first in Enfield Town in North London, on 27 June 1967 by Barclays Bank. This instance of the invention is credited to John Shepherd-Barron, although various other engineers were awarded patents for related technologies at the time. Shepherd-Barron was awarded an OBE in the 2005 New Year's Honours List. The first person to use the machine was the British variety artist and actor Reg Varney!

 

More than you could ever want to know here:

en.wikipedia.org/wiki/Automated_teller_machine

8,658 views
11 faves
22 comments
Uploaded on November 6, 2009
Taken on November 6, 2009